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Tag: Bitcoin

  • Eric Trump Signals Ambitions to Win The Bitcoin Race After ABTC Debut

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    The Trump family-owned American Bitcoin began trading on the Nasdaq under the ticker symbol ‘ABTC’ on Tuesday following the completion of its stock merger with Gryphon Digital Mining.

    The firm is a Bitcoin accumulation platform focused on building America’s Bitcoin infrastructure backbone, according to the announcement.

    Shares in the Trump-backed Bitcoin venture surged as much as 100% before retreating on its market debut, with the President’s son Eric, saying he hoped to create “the greatest Bitcoin company on Earth.”

    We’re Going to Win The Race

    In an interview with Bloomberg following the Nasdaq debut, Eric Trump said that American Bitcoin is different from other corporate treasuries such as Michael Saylor’s Strategy because “we have a great mining business,” and an “unbelievable advantage.”

    “We’re mining Bitcoin at roughly 50 cents on the dollar to the actual price of Bitcoin. We’re mining a lot of it and using the Hut 8 infrastructure in order to do so.”

    Eric Trump is the co-founder and chief strategy officer of American Bitcoin, a majority-owned subsidiary of mining firm Hut 8.

    “We have massive aspirations to be the absolute best crypto company anywhere on Earth,” he said before adding that the firm will implement both strategies, purchasing BTC and mining Bitcoin to dollar cost average down.

    “Everybody all around the world wants the asset, from the largest Fortune 500 companies to the biggest sovereign wealth funds to nation states to US states, [such as] Texas.”

    Bitcoin is an unbelievable store of value, and “we’re going to win the race,” he said.

    When asked about his personal wealth, which Bloomberg estimated as $600 million from his 7.5% stake in American Bitcoin, Eric said he got into the industry because of the financial revolution and being debanked while his father was running for president.

    “I believe in Bitcoin, I’ve been a long-term owner of Bitcoin … and I see its adoption all over the world and how much it is being embraced globally, and the floodgates are just starting to open.”

    Trump Family Scooping Up More BTC

    American Bitcoin held 2,443 BTC as of the end of May, according to BitcoinTreasuries, but that number is likely to be higher.

    Mining firm and AMBC partner Hut 8 is the twelfth-largest corporate Bitcoin holder with 10,667 BTC worth around $1.2 billion. Meanwhile, Trump Media and Technology Group Corp holds 15,000 BTC worth $1.67 billion according to BitcoinTreasuries.

    American Bitcoin also said on Wednesday that it had entered into a $2.1 billion stock offering with investment banks including Cantor Fitzgerald and Mizuho Securities, with proceeds used for BTC purchases and mining technology.

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    Martin Young

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  • Bitcoin Whales Cut Back: Average Holdings At Lowest Since 2018

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    On-chain data shows the size of the average Bitcoin whale has dropped to the lowest level since 2018, a sign that may be bearish for BTC’s price.

    Average Bitcoin Whale Is Holding Just 488 BTC Now

    In a new post on X, on-chain analytics firm Glassnode has discussed about the latest trend in the average supply held by Bitcoin whales. Glassnode defines “whales” as entities holding between 100 and 10,000 BTC. At the current exchange rate, the range’s lower bound converts to $11.2 million and upper one to $1.1 billion.

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    Thus, the only investors who would qualify for the cohort would be the big-money traders. These holders can carry some degree of influence in the market, so their behavior can be worth keeping an eye on.

    The behavior of the cohort as usually gauged from their total holdings, however, can provide a skewed picture about the sentiment among them, as the investors toward the larger end of the range have more of a weightage in it.

    One way to pinpoint the behavior of the average whale is by looking at the size of the holdings of the average member of the group. Below is the chart shared by Glassnode that shows the trend in this metric for Bitcoin over the last few years.

    The value of the metric appears to have plunged over the past few months | Source: Glassnode on X

    As is visible in the graph, the average Bitcoin supply per whale peaked back in early 2022, but switched to a decline as the bear market took over the sector. This suggests the whales reduced their exposure to the cryptocurrency during this period.

    With 2023 starting a recovery run for BTC, the average whale started loading up again, albeit at a slower pace than in the previous cycle. This accumulation continued until mid-2024, at which point it once more witnessed a reversal.

    Interestingly, instead of backing the rallies that have occurred between then and now, the whales have only accelerated their selling alongside them. The late 2024 run, especially, saw these humongous investors shed their holdings at a rapid pace.

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    Today, the amount of Bitcoin supply held by the average whale sits at just 488 tokens, which is the lowest that it has been since December 2018, almost seven years ago.

    In another X post, the analytics firm has also talked about how Ethereum whales have been doing recently. In particular, Glassnode has shared the trend in the holdings of the “mega whales,” holders carrying more than 10,000 ETH ($44.6 million).

    Bitcoin Mega Whales
    How the supply held by the ETH mega whales has changed over the last few months | Source: Glassnode on X

    As displayed in the above chart, the Ethereum mega whales participated in buying during the recent price surge, but their accumulation has now stopped with the 30-day change in their balance dropping to zero.

    BTC Price

    At the time of writing, Bitcoin is trading around $111,900, up more than 1% over the past day.

    Bitcoin Price Chart
    The trend in the BTC price over the past five days | Source: BTCUSDT on TradingView

    Featured image from Dall-E, Glassnode.com, chart from TradingView.com

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    Keshav Verma

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  • Crypto To Overtake The Dollar? Ray Dalio Flags End Of Debt Cycle

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    Crypto sits at the heart of Ray Dalio’s new message. On September 3, 2025, the Bridgewater Associates founder published a point-by-point rebuttal to what he called the Financial Times’ “mischaracterizations,” releasing the full written Q&A he says he provided to the paper. The exchange restates his “Big Debt Cycle” framework and argues that rising US debt burdens, risks to Federal Reserve independence, and mounting geopolitical fractures are eroding the dollar’s role as a store of wealth—conditions that he says are boosting gold and crypto.

    Why Crypto Is An “An Attractive Alternative”

    Dalio frames the US fiscal position as late-cycle and dangerously self-reinforcing. “The great excesses that are now projected as a result of the new budget will likely cause a debt-induced heart-attack in the relatively near future—I’d say three years, give or take a year or two,” he wrote. He quantified the near-term squeeze in stark terms, citing “about $1 trillion a year in interest” and “about $9 trillion needed to roll over the debt,” alongside roughly “$7 trillion” in spending versus “$5 trillion” in revenues, requiring “an additional roughly $2 trillion in debt.” That expanding supply, he argued, collides with weakening demand when investors question whether bonds “are good storeholds of wealth.”

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    The fulcrum, in Dalio’s telling, is now the Federal Reserve. If political pressure undermines the central bank’s independence, he warned, “we will see an unhealthy decline in the value of money.” Should a “politically weakened Fed” allow inflation to “run hot,” the consequence would be that “bonds and the dollar [go] down in value” and, if not remedied, becoming “an ineffective storehold of wealth and the breaking down of the monetary order as we know it.” He linked this to a broader late-cycle pattern: foreign holders “reducing their holdings of US bonds and increasing their holdings of gold due to geopolitical worries,” which he called “classically symptomatic” of the endgame.

    Dalio connected the macro and political strands to a more interventionist policy backdrop, referencing actions “to take control of what businesses do” and likening the current phase to the 1928–1938 period. He did not pin the dynamic on a single administration—“this situation has been going on for a long time under presidents from both parties”—but said post-2008 and especially post-2020 policies accelerated it. “The interaction of these five forces will lead to huge and unimaginable changes over the next 5 years,” he added, listing debt, domestic politics, geopolitics, acts of nature, and technology (with AI most important) as the drivers.

    Within that late-cycle schema, Dalio placed crypto squarely in the “hard currency” bucket. “Crypto is now an alternative currency that has its supply limited,” he wrote. “If the supply of dollar money rises and/or the demand for it falls, that would likely make crypto an attractive alternative currency.” He tied the recent “rises in gold and cryptocurrency prices” to “reserve currency governments’ bad debt situations,” and reiterated his long-running focus on “storeholds of wealth.”

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    On whether crypto could “meaningfully replace the dollar,” he emphasized mechanics over labels, noting that “most fiat currencies, especially those with large debts, will have problems being effective storeholds of wealth and will go down in value relative to hard currencies,” a pattern he said echoed the 1930–1940 and 1970–1980 episodes.

    Dalio addressed crypto stablecoin risk in that context, separating asset price drawdowns from systemic fragility: “I don’t think so,” he said when asked if stablecoins’ Treasury exposure is a systemic risk, adding that “a fall in the real purchasing power of Treasuries” is the real hazard—mitigated “if they are well-regulated.” He also rejected the notion that deregulation alone threatens the dollar’s reserve status: “No,” he said, pointing again to debt dynamics as the primary vulnerability.

    Dalio’s latest remarks fit within a decade-long evolution of his public stance on Bitcoin and crypto rather than a whiplash reversal. Early on, he emphasized gold as the superior “storehold of wealth” and warned that if Bitcoin ever became too successful, governments might restrict it—tempering enthusiasm with regulatory risk.

    By 2020–2021 he began calling Bitcoin “one hell of an invention,” acknowledged owning a small amount, and increasingly framed it as a portfolio diversifier that rhymes with digital gold, while still stressing its volatility and policy sensitivities. With his latest remarks, Dalio puts the entire crypto market inside the monetary hierarchy he uses to analyze late-cycle dynamics.

    At press time, the total crypto market cap stood at $3.79 trillion.

    Total crypto market cap
    Crypto market cap, 1-week chart | Source: TOTAL on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

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    Jake Simmons

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  • Bitcoin Recovery in Sight? Fear & Greed Index Signals Cautious Optimism

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    Bitcoin (BTC) is showing early signs of stabilization after a volatile fortnight, with sentiment shifting from outright fear to cautious neutrality.

    According to some market watchers, this latest mood may be an indicator that traders are weighing up the possibility of a rebound against lingering economic concerns.

    A Measured Shift in Sentiment

    According to analyst Maartunn, as of September 3, the Crypto Fear & Greed Index, a popular sentiment gauge, has moved from a state of ‘Fear’ to a more neutral reading, hovering between 39 and 46.

    This subtle but important change is a sign that the intense selling pressure that drove BTC from its August 14 peak of $124,457 per CoinMarketCap may be cooling down. The asset briefly dipped to $107,500 earlier this week before bouncing back above $111,000.

    Other observers have pointed to a fragile equilibrium. As noted by on-chain analytics provider Bitcoin Vector, the recent correction has been relatively shallow. Their data, sourced from Glassnode, shows only about 9% of Bitcoin’s supply is currently held at a loss, a far cry from the 25% seen at the cycle’s local bottom in April or the over 50% typical of full bear markets.

    This could mean that while the pullback was sharp, it hasn’t yet caused the widespread capitulation that is often needed to set a strong market bottom.

    Price Action and Macro Pressures

    At the time of this writing, Bitcoin was trading at around $110,700, a tiny 0.3% nudge upwards on its value in the last 24 hours. However, the current price reflects a 3.2% drop over the past month, pushing BTC almost 11% below its recent all-time high. Nonetheless, the OG crypto still maintains a substantial 87.6% gain over the past year.

    Analysts say that the asset’s immediate battleground is the $112,000 level. If it breaks above this price, it could mean strength, but if it doesn’t, it could mean a deeper test of support near $105,000.

    Meanwhile, this technical fight is happening in a complicated macroeconomic setting. A lot of people think that the Federal Reserve will cut interest rates at its meeting on September 17. However, some experts, like Doctor Profit, have warned that the market’s reaction to lower rates could be bearish if long-term borrowing costs remain high, which could be a sign of deeper economic uncertainty.

    Still, there are others that still believe that the possibility of a looser monetary policy could keep Bitcoin’s price from dropping too much in the near future.

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    Wayne Jones

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  • Bitcoin Price Recovery Hopes Rise – Can Bulls Push It Past Resistance?

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    Bitcoin price is attempting a recovery wave above $110,000. BTC is now rising and might gain pace if it clears the $112,000 resistance level.

    • Bitcoin started a recovery wave above the $110,000 zone.
    • The price is trading above $111,000 and the 100 hourly Simple moving average.
    • There is a short-term rising channel forming with support at $110,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
    • The pair might start another decline if it stays below the $112,000 zone.

    Bitcoin Price Starts Recovery

    Bitcoin price started a fresh recovery wave above the $108,500 zone. BTC was able to climb above the $108,800 and $110,000 resistance levels.

    The price cleared the 50% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low. The upward move was such that the price spiked above the $111,200 level. Besides, there is a short-term rising channel forming with support at $110,500 on the hourly chart of the BTC/USD pair.

    However, the bears are still active near $111,500. Bitcoin is now trading above $110,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $111,500 level. The first key resistance is near the $112,000 level or the 76.4% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low.

    Source: BTCUSD on TradingView.com

    The next resistance could be $112,500. A close above the $112,500 resistance might send the price further higher. In the stated case, the price could rise and test the $113,450 resistance level. Any more gains might send the price toward the $114,500 level. The main target could be $115,500.

    Another Decline In BTC?

    If Bitcoin fails to rise above the $112,000 resistance zone, it could start a fresh decline. Immediate support is near the $110,400 level. The first major support is near the $109,500 level.

    The next support is now near the $108,500 zone. Any more losses might send the price toward the $107,350 support in the near term. The main support sits at $105,500, below which BTC might decline sharply.

    Technical indicators:

    Hourly MACD – The MACD is now losing pace in the bullish zone.

    Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

    Major Support Levels – $110,400, followed by $109,500.

    Major Resistance Levels – $111,500 and $112,500.

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    Aayush Jindal

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  • Bitcoin Mirrors Historical Pullback Ranges – Healthy Correction Or Trouble Ahead?

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    Bitcoin is facing renewed volatility after losing the $110,000 level just a few days ago, a breakdown that has fueled uncertainty across the market. Bulls are attempting to reclaim this crucial support, but fear of a deeper correction continues to weigh heavily on sentiment. With every failed rebound, traders are left questioning whether this pullback is simply a pause within the broader uptrend or the beginning of a larger downtrend.

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    Crypto analyst Darkfost has shared new data providing context for the current environment. Since Bitcoin’s most recent all-time high near $123,000, the asset has retraced by roughly -12%. According to Darkfost, this move remains well within the boundaries of a normal correction, especially when compared to historical pullbacks in previous bull cycles.

    Such corrections are often healthy, serving to reset leverage, cool overheated sentiment, and create fresh entry points for long-term investors. While uncertainty remains in the short term, history suggests that Bitcoin’s current retracement does not necessarily signal the end of the cycle. Instead, it may represent a period of stabilization before the next major move.

    Bitcoin Correction Aligns With Historical Patterns

    According to Darkfost, Bitcoin’s current retracement should be viewed within the broader context of this cycle rather than as a sign of structural weakness. Looking more closely, since the first all-time high in March 2024, the largest drawdown recorded so far reached 28%. Importantly, Bitcoin has not corrected more deeply than that throughout the ongoing bull market.

    Bitcoin Price Drawdown from ATH | Source: Darkfost

    Historically, the most severe pullbacks in bullish phases have averaged between -20% and -25%, placing the present move well within the expected range. With Bitcoin now down roughly 12% from its latest all-time high of $123,000, the retracement is still modest compared to prior cycle corrections. Darkfost emphasizes that this behavior is not unusual and could even extend further without breaking the underlying bull trend.

    In fact, such drawdowns are often healthy and necessary in long-term uptrends. They serve several functions: flushing out excessive leverage in the derivatives market, cooling down overheated sentiment, and shaking out short-term speculators. At the same time, they create new entry opportunities for investors who may have missed earlier stages of the rally.

    For long-term holders and institutions, these phases are less about panic and more about preparation. Historically, similar corrections have preceded renewed strength, as Bitcoin stabilizes before resuming its upward trajectory. If the current pattern holds, this retracement may ultimately strengthen the market foundation, setting the stage for the next leg of growth.

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    Testing Recovery Level After Deep Pullback

    Bitcoin is attempting to recover after a sharp correction that took the price down to the $108K region. As shown in the chart, BTC recently bounced back above $110K but continues to struggle to sustain momentum. The rejection from the $123K zone marked the cycle’s most recent all-time high, and the market has since been in a retracement phase.

    BTC showing bearish structure | Source: BTCUSDT chart on TradingView
    BTC showing bearish structure | Source: BTCUSDT chart on TradingView

    The 12-hour chart highlights how BTC dipped below its 200-day moving average (red line) but quickly rebounded, signaling that bulls are still defending this crucial support. The 50-day (blue) and 100-day (green) moving averages, however, are trending downward, suggesting that pressure remains in the short term. BTC will need to reclaim the $112K–$115K zone to shift sentiment back toward bullish momentum.

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    On the downside, losing the $108K level could open the door to a deeper correction toward $105K or even the $101K region, where the 200-day MA sits as the last line of defense.

    Bitcoin is consolidating in a fragile position. A decisive move above $115K could reignite bullish momentum, but failure to hold current support may confirm a prolonged correction phase before any attempt at a new all-time high.

    Featured image from Dall-E, chart from TradingView

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    Sebastian Villafuerte

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  • The Bitcoin Bull Run Cracks If $98,000 Is Lost, Ostium Labs Warns

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    Ostium Labs argues that Bitcoin’s uptrend remains intact after August’s reversal, but it draws a bright red line at $98,000. In its September 1 Market Outlook, the firm writes: “Closing below $98k on this timeframe would turn weekly structure bearish,” adding that “above $98k weekly structure is still bullish and therefore we should anticipate the formation of a higher-low.”

    At publication time, Ostium referenced BTC around $108,017, with the August monthly candle settling “firmly red” after wicking through the record to roughly $124.5k and closing near prior resistance-turned-support around $108.2k.

    Key Bitcoin Price Levels To Watch Now

    On the monthly chart, Ostium sees no evidence of a 2021-style cyclical top. The note acknowledges some momentum divergence on RSI but stresses the absence of confirmation from the Awesome Oscillator: “AO has continued to point towards building momentum throughout the uptrend… I do not think this is even remotely similar to the 2021 top formation.”

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    The bear case strengthens only if September “closes below the 2025 open at $93.3k and therefore below local trendline support.” For the bullish path, the team wants September to find support “above the yearly open, but likely much higher around the July lows at $105k,” and “ideally” finish the month green “above the August open at $115k,” a configuration they say would “set us up for expansion beyond the highs in October.”

    Bitcoin monthly chart analysis
    Bitcoin monthly chart analysis | Source: X @OstiumLabs

    Weekly structure, by Ostium’s read, “showed no exhaustion on the move higher” and has now reset toward 50 on RSI, a profile the firm says supports trend continuation. Should the market carve a higher low early in September and reclaim momentum, a weekly close “back above $112k leads to a retest of the August open and potentially $117.5k into FOMC with a retest of the highs before month-end.”

    Bitcoin weekly chart analysis
    Bitcoin weekly chart analysis | Source: X @OstiumLabs

    The daily timeframe remains the near-term hurdle. Ostium characterizes the pullback as “orderly,” with supports flipped to resistance on the way down and “the key level… obviously the $112k prior all-time high,” which served as support in early August and then “reclaimed resistance” on last week’s leg lower.

    “A breakout and close above the trendline and back above $112k would look like the bottom is in,” they write. A failed probe—“wick above the trendline into $112k and reject”—would bias price toward “the June open at $104.5k, with the 200dMA below that at $101.3k being key demand.” In derivatives, CoinGlass liquidation heatmaps for Binance’s BTC/USDT pair over one week and one month show dense liquidation bands layered above the $114k cap and clustered below around the $120k region, while no significant levels are visible to the downside.

    Bitcoin liquidation heatmaps
    Bitcoin liquidation heatmaps | Source: X @OstiumLabs

    With a macro-heavy week ahead— ISM prints, JOLTS, the Fed’s Beige Book, jobless claims, ADP, ISM Services, and Friday’s Nonfarm Payrolls—Ostium lays out conditional tactical setups. For longs, they prefer evidence of exhaustion into support: trendline resistance respected, “today’s low” taken out via a liquidation wick into the June-open/200-day cluster, and bullish divergence forming there before bidding for a move back to the weekly open and the $112k retest. For shorts, they prefer a sharp early-week squeeze into $112k “with trend exhaustion… having not taken out today’s low around $107k,” fading the pop back into weekly lows with risk reduced if it unfolds ahead of NFP.

    Related Reading

    Ostium also surveys positioning, pointing to snapshots across Velo and CoinGlass, three-month annualized basis, and the mix between Bitcoin and altcoin open interest, as well as one-week and one-month liquidation maps. While it refrains from headline claims on those dashboards, the note’s technical levels line up with the most concentrated liquidation density visible in the attached heatmaps, where stacked interest remains perched near the $112k pivot overhead and layered through the $105k–$101k demand shelf.

    DXY As Tailwind For The BTC Price

    The report extends beyond Bitcoin. The dollar backdrop, in Ostium’s framework, remains a tailwind for BTC into year-end. With DXY around 97.2, the firm says the current sequence rhymes with past cyclical drawdowns and expects “DXY to break below 96 and push towards at least 94.6, but more likely 93,” where a bottoming formation could emerge above the 200-month moving average. The secular DXY bull case is not dismissed; rather, Ostium situates the present leg as the final cyclical downswing before a higher-low and multi-year recovery, contingent on policy outcomes. A decisive monthly reclaim of 100 would invalidate the near-term bearish DXY view.

    Across assets, the through-line of Ostium’s September map is clarity on thresholds. For Bitcoin, a weekly loss of $98,000 would be the first structural break of the cycle; a daily reclaim of $112,000 would strongly argue the local low is in; and a monthly hold above $105,000 with a close back over $115,000 would tee up fresh highs into October.

    At press time, BTC traded at $110,610.

    Bitcoin price
    BTC faces resistance at the EMA100, 1-day chart | Source: BTCUSDT on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

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    Jake Simmons

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  • $4B Floods Into Ethereum in August Alone While Bitcoin Struggles With Outflows

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    Digital asset investment products staged a comeback last week, reversing prior outflows with $2.48 billion in inflows. August inflows now total $4.37 billion, which lifted year-to-date numbers to $35.5 billion. Activity was strong until Friday, when flows turned negative following the Core PCE release.

    The data dampened hopes for a September Fed rate cut and frustrated crypto investors. Combined with continued weak price action, this has pressured the market. As a result, total assets under management declined by 10% from recent highs to $219 billion, as the sector witnessed both resilience and fragility.

    Investors Bet Big on Ethereum

    According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, investor sentiment leaned strongly toward Ethereum, which brought in $1.4 billion in inflows against Bitcoin’s $748 million. August inflows for Ethereum now stand at $3.95 billion, while Bitcoin trails with $301 million in outflows.

    Meanwhile, Solana and XRP gained momentum from ETF optimism, securing $177 million and $134 million in inflows. Inflows of $5.2 million and $3.6 million into Cardano and Chainlink further signaled diversification beyond the two largest cryptocurrencies. Multi-asset products also attracted a modest $0.7 million in inflows.

    Sui, on the other hand, was the only asset that bucked the trend with $5.8 million in outflows over the past week.

    Widespread Regional Inflows

    Looking at geographic trends, the United States continued to dominate regional inflows, pulling in $2.29 billion last week. Other regions also saw positive sentiment, with Switzerland recording $109.4 million, Germany $69.9 million, and Canada $41.1 million. Hong Kong followed with $12.4 million during the same period, while Australia and Brazil contributed $2.9 million and $1.6 million, respectively.

    Sweden, however, recorded more than $45 million in outflows.

    CoinShares said that this broad regional participation of inflows reflects a healthy appetite for digital assets across the world. Meanwhile, the firm added that the outflows observed on Friday were likely the result of profit-taking activity, rather than evidence of a more concerning trend.

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    Chayanika Deka

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  • Bitcoin Price Stabilizes – Is This the Start of a Comeback?

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    Bitcoin price is still showing bearish signs below $112,000. BTC is now attempting to recover and might face hurdles near the $110,500 level.

    • Bitcoin started a fresh decline below the $112,000 zone.
    • The price is trading below $110,500 and the 100 hourly Simple moving average.
    • There was a break above a short-term contracting triangle with resistance at $108,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
    • The pair might start another decline if it stays below the $110,500 zone.

    Bitcoin Price Starts Consolidation

    Bitcoin price attempted a fresh recovery wave from the $107,350 zone. BTC was able to climb above the $108,200 and $108,400 resistance levels.

    The price cleared the 23.6% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low. Besides, there was a break above a short-term contracting triangle with resistance at $108,800 on the hourly chart of the BTC/USD pair.

    However, the bears are still active near $109,500. The price is now consolidating near $109,500. Bitcoin is now trading below $110,000 and the 100 hourly Simple moving average.

    Immediate resistance on the upside is near the $109,500 level. The first key resistance is near the $110,200 level. The next resistance could be $110,500 or the 50% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low.

    Source: BTCUSD on TradingView.com

    A close above the $110,500 resistance might send the price further higher. In the stated case, the price could rise and test the $111,650 resistance level. Any more gains might send the price toward the $112,500 level. The main target could be $113,500.

    Another Decline In BTC?

    If Bitcoin fails to rise above the $110,500 resistance zone, it could start a fresh decline. Immediate support is near the $108,800 level. The first major support is near the $108,200 level.

    The next support is now near the $107,350 zone. Any more losses might send the price toward the $106,500 support in the near term. The main support sits at $105,500, below which BTC might decline sharply.

    Technical indicators:

    Hourly MACD – The MACD is now losing pace in the bearish zone.

    Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

    Major Support Levels – $108,800, followed by $108,000.

    Major Resistance Levels – $109,500 and $110,500.

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    Aayush Jindal

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  • Is The Bitcoin Price Bottom In? Here’s What Social Sentiment Says

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    On-chain analytics platform Santiment has weighed in on whether the Bitcoin price has reached its bottom, following its drop to the $108,000 range. The platform alluded to the current social sentiment, suggesting that a further drawdown may be looming. 

    Bitcoin Price Bottom Not Yet In Amid Spike In Social Dominance

    In a research report, Santiment indicated that the Bitcoin price bottom may not yet be in, considering the surge in the social dominance of ‘buy the dip’ mentions. The platform explained that a true bottom is often marked not by price but by a shift in social narrative from ‘buy the dip’ optimism to widespread fear. This creates a strong bearish case that discourages buying. 

    Related Reading

    Santiment suggested that the Bitcoin price typically rebounds when the sentiment is bearish and when investors least expect an uptrend. However, for now, market participants are still getting “antsy and trying to find some entry spots now that prices have cooled down a bit, Santiment analyst Brian Quinlivan explained. 

    The analyst opined that the cooldown in the Bitcoin price so far is not a huge one, while noting that BTC has detached from the S&P 500. Quinlivan predicted that BTC and other crypto assets could play catch-up to the stock market when the crowd stops getting too optimistic about buying the dip. He added that the true ‘buy the dip’ opportunities happen when the crowd stops believing there is an opportunity. 

    Source: Chart from Santiment

    In the research report, Santiment noted that the current ‘buy the dip’ chatter needs to be suddenly replaced by discussion of the narrative that supports the bearish case. In line with this, the platform advised market participants to pay close attention to the dominant social narrative. According to the report, when the conversation shifts from hopeful buying to widespread fear, it can be a stronger bottom signal than the Bitcoin price alone.

    Another Metric To Keep An Eye On

    The Santiment report indicated that BTC whale transfers are another key metric to watch for, as they can help determine if the Bitcoin price has reached its bottom. These whales, wallets holding 10 to 10,000 BTC, have not been selling off in any significant way despite the market dip. 

    Related Reading

    According to Maksim, who joined Santiment analyst Brian on the podcast, whenever these wallets do decrease their holdings, it can lead to “postponed price suppression weeks thereafter.” Therefore, Santiment advised market participants to monitor the holdings of large Bitcoin wallets. A lack of selling from whales could indicate underlying strength, while a significant drop can be a warning of future price weakness. 

    At the time of writing, the Bitcoin price is trading at around $107,800, down in the last 24 hours, according to data from CoinMarketCap.

    Bitcoin
    BTC trading at $109,600 on the 1D chart | Source: BTCUSDT on Tradingview.com

    Featured image from Pixabay, chart from Tradingview.com

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    Scott Matherson

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  • Metaplanet Hits 20,000 BTC Mark With $112 Million Purchase

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    Metaplanet has just made another move in its Bitcoin strategy by acquiring 1,009 BTC worth approximately $112 million.

    This brings its total holdings to 20,000 BTC valued at over $2 billion at current market prices.

    $2 Billion Milestone

    The Japanese investment firm disclosed on September 1 that the latest buy was made at an average price of around $111,068 per coin. The corporation has also achieved a BTC yield of 30.7% from July to September 1, a key performance indicator that reflects the percentage change in the ratio of its Bitcoin holdings to fully diluted common shares.

    Metaplanet has been on a BTC buying spree in the past couple of months, with several high-profile purchases made in August alone. Early in the month, the company secured 463 BTC for about $53.7 million, followed by a 518 BTC buy for $61.4 million.

    Shortly after, it added another 775 BTC in a single deal worth $93 million, lifting its total to 18,888 BTC. Toward the end of August, the outfit completed its largest transaction of the period, acquiring 1,009 BTC for $112 million.

    The company has reached 20,000 BTC in holdings in under three months since crossing the 10,000 BTC mark. Earlier this year, it raised its year-end target from 10,000 BTC to 30,000 BTC. To support this expansion, Metaplanet has launched a massive capital-raising initiative, securing $837 million through international share offerings, with most of this capital set aside for further buys in September and October.

    Following the Monday announcement, the Japanese firm has officially become the sixth-largest public Bitcoin treasury company in the world, surpassing Riot Platforms. This milestone places it just behind major players like MicroStrategy and Marathon Digital.

    Market Reaction

    Despite the development, Google Finance data shows that the corporation’s stock is down by 4.5%. However, it remains up 135% year-to-date.

    Elsewhere, Metaplanet will hold a shareholder meeting in Tokyo on Monday to vote on new methods of raising capital. The agenda includes approving additional financing options, such as preferred stock issuances, which could generate billions in funding for further Bitcoin purchases.

    A Bloomberg report had revealed that Eric Trump, the second son of U.S. President Donald Trump, was expected to attend the meeting in person. This follows his appointment in March 2025 as a strategic adviser to Metaplanet’s board, with the company describing him as a “leading voice and advocate of digital asset adoption worldwide.”

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  • Pundit Calls Bitcoin Price Crash Below $93,000, Reveals Bear Targets From Here

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    After hitting a new all-time high last month, the Bitcoin price has since retraced by more than 10%, crashing below $110,000 once again. This bearish pressure has continued into the new month, with sell-offs being the order of the day, especially as investors move to secure their profits. Despite calls for a possible bottom, a crypto analyst has suggested that the Bitcoin crash is far from over. In fact, going by the analysis, the decline may just be starting as Bitcoin is expected to tumble further.

    Why A Crash To $93,000 Is Imminent

    In the analysis, crypto analyst MMBTtrader acknowledges the fact that the Bitcoin price is already under immense pressure. This is shown by the fact that the cryptocurrency has been rejected from $120,000 and has now fallen back to the next major support zone.

    Related Reading

    So far, the $108,000 level has acted as a support, preventing further decline. However, with sellers still being in charge of the market, it is possible that this level does not hold for long. Looking at the broader picture, the crypto analyst calls for further price decline, and this could trigger a cascading effect.

    As the analyst explains, this is happening because the market needs some rest. There is also the trendline that began back in 2024, shown by the line in green, suggesting where the Bitcoin price could fall next. A retest of this trendline suggests that Bitcoin could dump back to $93,000, where the trendline makes its next contact.

    Naturally, the next retest of the trendline in this case would mean that it is hitting support. But there is also the fact that momentum doesn’t point to a possible Bitcoin price recovery. Even after hitting $93,000, the analyst expects a further breakdown and a move to as low as $70,000.

    Source: TradingView

    Why Bitcoin Price Could Still Jump

    In the case of bulls being able to maintain support and triggering a bounce, the crypto analyst shows there is still a possibility of a price jump. Here, the price would have to reclaim the trendline above $117,000 to complete the upward continuation.

    Related Reading

    A price jump from this support level could end in another 30% price increase, pushing the price above the $137,000 level. However, the analyst remains adamant that there is more possibility of a breakdown. “I am thinking of breakout to the downside and more dump after that like red arrows maybe now with higher possibility,” MMBTtrader stated.

    Bitcoin price chart from TradingView.com
    BTC pushes down toward $100,000 | Source: BTCUSD on TradingView.com

    Featured image from Dall.E, chart from TradingView.com

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    Scott Matherson

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  • Bitcoin Price Closes Below STH Realized Price For The 2nd Time In 2025 — Details

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    Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.

    Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part – in fact, far from it.

    Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger.

    When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.

    Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books – ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K.
    Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.

    Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings.

    Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time – he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.

    Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon – cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment – spreading the crypto gospel to the rest of the world.

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    Opeyemi Sule

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  • ETH And BTC ETFs Reverse Gains With $291M In Outflows Ahead Of New Week

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    US-based crypto ETFs have witnessed a change in dynamics in August, which has seen inflows tipping towards Ethereum ETFs. However, last week’s trend of strong inflows ended with substantial outflows on Friday, with Ethereum ETFs leading the retreat with $164.64 million and Bitcoin ETFs following with $126.64 million. This sudden reversal coincides with an interesting timing of stubborn inflation data that seems to have rattled institutional investors.

    Related Reading

    A Sudden Reversal At Week’s End

    According to data from Farside Investors, US-based Spot Ethereum ETFs ended the week with $164.64 million in outflows. The outflows came from Fidelity’s FETH with $51 million, Bitwise’s ETHW with $23.7 million, Grayscale’s ETHE with $28.6 million, and Grayscale’s ETH with $61.3 million. BlackRock, on the other hand, witnessed neither inflows nor outflows into its Spot ETH ETFs, alongside 21Shares, VanEck, Invesco, and Franklin Templeton Ethereum ETFs.

    Friday’s outflows were a jarring departure from the steady gain that had defined Ethereum’s Spot ETFs since August 21. Ethereum’s six-day inflow streak, which had added about $1.876 billion, was brought to an abrupt end with the outflows on Friday. As a result, total assets under management for Spot Ethereum ETFs dipped to $28.58 billion.

    Ethereum ETF Flow: Farside Investors

    Meanwhile, Spot Bitcoin ETFs also recorded their first daily decline since August 22 with $126.64 million in outflows on Friday. As a result, their total assets under management dropped to $139.95 billion.

    However, not every issuer felt the pressure with Bitcoin. Fidelity’s FBTC led the exodus with $66.2 million, followed by ARKB’s $72.07 million and GBTC’s $15.3 million in outflows. On the other hand, BlackRock’s IBIT still managed $24.63 million in inflows and WisdomTree’s BTCW drew in $2.3 million amid the wider outflows. 

    Bitcoin ETF Flow: Farside Investors

    The underlying cause of the outflows can be attributed to investors digesting the latest data on inflation released on Friday. Notably, the US core Personal Consumption Expenditures (PCE) index climbed 2.9% year-over-year in July, the fastest pace since February, creating fears that the Federal Reserve may hold off on rate cuts.

    What May Lie Ahead This Week

    As a new trading week begins, Spot ETF flow in both Ethereum and Bitcoin is likely to depend on how investors continue to interpret the data. If inflation pressures persist, institutional investors may retreat further at the beginning of the week. However, any signs of cooling could see inflows resume mid-week, particularly into Ethereum, where fundamentals are currently favorable.

    On the price side of things, Bitcoin’s hold above the $108,000 price may offer some relief. However, it needs to stay above $110,000 in order for any upside move to gain momentum. At the time of writing, Bitcoin is trading at $109,910.

    Related Reading

    For Ethereum, a daily close above $4,500 could confirm the return of bullish confidence, whereas a slide below $4,400 might signal further weakness. At the time of writing, Ethereum is trading at $4,470, up by 1.7% in the past 24 hours.

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • BTC Traders Remain Far From -12% Capitulation Zone – What Does This Mean?

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    Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

    Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

    In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

    In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

    Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

    Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

    Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

    Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

    Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

    He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

    In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

    His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

    Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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    Semilore Faleti

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  • Bitcoin Daily Close Spurs Caution – $110,500 Breakdown Could Shift Momentum

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    Cryptowzrd, in a fresh update on Bitcoin’s daily technical outlook, noted that the market closed bearish, leaving room for further downside. A decisive close below the $110,500 support could mark a key shift, making lower levels worth watching. 

    Daily Candle Signals Bearish Pressure For Bitcoin

    Cryptowzrd expanded on his outlook by pointing out that Bitcoin’s daily candle closed bearish, with price now trading beneath the $110,500 support zone. This breakdown is significant and could invite further selling pressure in the sessions ahead if buyers fail to reclaim the level.

    He emphasized that holding below this support opens the door for a potential move toward the $100,000 mark. However, a strong bullish candle and a swift recovery could invalidate the bearish setup, restoring confidence for buyers.

    In the analysis, he also highlighted the performance of Bitcoin Dominance (BTC.D), which closed indecisively while displaying weakness. This weakness in dominance is often viewed as a positive signal for altcoins, as it suggests capital is flowing away from Bitcoin and into alternative assets.

    Such a shift in market dominance reflects growing market confidence in altcoins. When Bitcoin dominance stalls or declines, it tends to fuel altcoin rallies, allowing traders to diversify into promising setups across the market.

    Finally, he noted that markets are heading into the monthly transition period, a time often associated with increased volatility and mixed sentiment. Going into the weekend, he emphasized the importance of staying rational and avoiding overextending in either direction, maintaining measured strategies while waiting for clearer confirmation signals.

    BTC Volatility Dominates Intraday Trading

    Cryptowzrd highlighted that today’s intraday chart displayed sharp volatility with a clear bearish tone, as Bitcoin slipped and is currently holding below the $110,400 intraday support. This level has now become critical, as losing it signals weakening buyer strength and raises the risk of further downside pressure. 

    He explained that if Bitcoin retests $110,400 and fails to reclaim it, the level could flip into resistance. Such a scenario would likely trigger a short setup, with price action targeting the $105,500 support area or even extending lower if bearish momentum accelerates. This makes the $110,400 region a decisive battleground for traders closely watching intraday setups.

    On the other hand, Cryptowzrd pointed out that a strong reclaim and hold above $110,400 could shift momentum back in favor of the bulls, opening the door for further upside pressure. However, the crypto analyst emphasized that the market currently lacks clarity, and traders should exercise caution before rushing in.

    Bitcoin

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    Godspower Owie

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  • Crypto Tumbles Hard: Google Search Trends Call Last Local Market Top

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    The crypto market succumbed to a significant amount of bearish pressure starting on Thursday, August 28, with most large-cap assets tumbling to new lows on Friday, August 29. The price of Bitcoin, the world’s largest cryptocurrency by market capitalization, fell to a new low of $107,850 at the start of the weekend.

    Unsurprisingly, the latest data shows that this latest price decline seen across the digital asset market could have been predicted. This conclusion is based on recent crypto activity on the world’s largest search engine, Google.

    Is The Crypto Bull Cycle Over?

    In an August 29 post on social media platform X, Alphractal founder and CEO Joao Wedson revealed that crypto-related searches on Google have surged to new highs in recent days. According to the on-chain data expert, this recent spike in Google searches suggests that Bitcoin and the broader crypto market might have reached a new local top.

    Related Reading

    This revelation is based on the Google Trends chart, which allows investors to assess the social engagement of different crypto-related topics on the search engine. As shown in the chart below, the metric compares various subjects, including cryptocurrency, Bitcoin, altcoins, centralized exchanges, and data aggregation platforms.

    Source: @joao_wedson on X

    As observed in the highlighted chart, the Google Trends metric recently witnessed a significant surge, suggesting increased public attention across multiple crypto topics. According to Wedson, spikes of this kind have historically coincided with whales entering the market to sell while “everyone is obsessed.”

    Moreover, the cryptocurrency market has often shown in the past its tendency to move in the crowd’s opposite direction. These trends explain the price decline witnessed by most digital assets in the past few days, as the market has seemingly reached a new local top.

    Wedson, however, noted that other on-chain signals say that the latest euphoria-driven market downturn doesn’t necessarily spell the end of the current bull cycle. “Think back to BTC hitting $124K—euphoria peaked online, whales sold aggressively, and we went short,” the Alphractal founder added.

    Wedson then advised investors to exercise caution when euphoria hits the crypto market, as it could hint at the imminence of a local top. The crypto analyst said that a better strategy would be to smartly exit the market at a high price and reenter at a cheaper rate later.

    Total Crypto Market Cap At $3.7 Trillion

    As of this writing, the total crypto market capitalization sits just above $3.7 trillion, reflecting an almost 4% decline in the past day. According to data from TradingView, more than $142 billion has been drained out of the crypto market in the last 24 hours.

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    crypto
    The total crypto market cap on the daily timeframe | Source: TOTAL chart on TradingView

    Featured image from Shutterstock, chart from TradingView

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    Opeyemi Sule

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  • Analyst Forecasts Bitcoin Price Will Break This Support Level, Can $100,000 Hold?

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    The Bitcoin price is once again under heavy pressure in the market. An analyst has warned that the coin shows strong bearish signs after being rejected at a resistance level. The price has now fallen to a critical support area, where buyers are trying to hold the line. According to the analyst, if the level fails, the price could drop even lower, raising doubts about whether the key levels will remain safe.

    Analyst Says Bitcoin Price Turned Bearish After $121,000 Rejection

    The analyst explained that the bearish trend began when Bitcoin strongly rejected the $121,000 resistance level. According to the analyst, that rejection forced the coin to break down from its earlier upward channel, which had guided the price during its last rally. Once this breakdown happened, the mood in the market shifted, and a new bearish phase took hold.

    Related Reading

    The analyst added that Bitcoin first moved within a downward channel, but even that structure could not hold. As selling pressure increased, the coin also broke below the support level of this channel. The downward move marked a shift in sentiment, as buyers could not keep the price stable. According to the analyst, Bitcoin’s fall may now follow a steep local trend line, which could cause the coin to decline faster.

    This kind of move shows that sellers are firmly in control for now. The analyst’s view is that the rejection at $121,000 was a turning point, and the coin has been unable to regain strength since then. For many traders, this level has become a clear resistance that won’t break again without strong demand.

    Source: TradingView

    $109,700 Support Under Pressure, Analyst Targets $104,000 Next

    The analyst also pointed out that Bitcoin is now directly testing the key buyer zone at $109,700. The level acts as a horizontal support, and the analyst says that if it fails, the bearish case could only grow stronger. While there may be a short period of sideways movement or a minor retest of the nearby trend line, the analyst believes the dominant force in the market remains downward pressure.

    Related Reading

    In simple terms, the analyst expects the weight of selling to break the $109,700 level. If that happens, the path to $104,000 becomes the next logical target. The analyst explained that this lower zone could be the next support area where buyers might try to fight back.

    However, if $109,700 does not hold, the move to $104,000 could come quickly. Beyond that, the market will begin to ask a bigger question — can Bitcoin hold the critical $100,000 level? Traders are watching closely, because a break below that level would mark a significant shift in the broader trend.

    Bitcoin price chart from TradingView.com
    BTC holds tentatively to $108,000 support | Source: BTCUSD on TradingView.com

    Featured image from DALL.E, chart from TradingView.com

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    Sandra White

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  • Bitcoin Hits 7-Week Low As $540-M In Trades Wiped Out

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    Bitcoin fell to its lowest levels since July 8 after Wall Street opened on Friday, with prices sliding and traders scrambling to reassess short-term plans.

    According to CoinGlass, 24-hour crypto liquidations neared $540 million as selling pressure intensified on major exchanges.

    Related Reading

    Whales And Exchange Distribution Pressure

    Based on reports from market watchers, heavy selling by large holders helped push the drop. Distribution on Binance was highlighted by traders as a key factor that worsened losses.

    Bitcoin lost nearly 5% on the day, and some large accounts were linked to the wave of sales that triggered stop orders and quick exits.

    Source: Coinglass

    Popular trader Daan Crypto Trades pointed to a “key reversal zone” around recent ranges and consolidation levels.

    Some experts had similar price levels on his radar, noting that Bitcoin failed to turn $112,000 into support. Other voices in the market flagged $114,000 as an important weekly close threshold for bulls.

    Source: Coinglass

    Bullish RSI Divergence Keeps A Sliver Of Hope

    Technical watchers found one bright spot. According to crypto commentator Javon Marks, the four-hour chart still shows a bullish RSI divergence — a pattern where the RSI makes higher lows while price makes lower lows. That setup can hint at an early reversal.

    Marks argued Bitcoin could stage a rebound. He suggested a move back toward $123,000 is possible, which would be roughly a +14% jump from current levels. That projection is optimistic, and it rests on momentum flipping quickly in favor of buyers.

    Macro Data, Seasonal Weakness Add Headwinds

    Seasonality and macroeconomic data added pressure. September has historically been one of Bitcoin’s weaker months, and investors were watching US inflation readings closely.

    BTCUSD now trading at $108,226. Chart: TradingView

    The Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures index, matched expectations and showed signs of an inflation rebound.

    Still, the CME Group’s FedWatch Tool showed markets pricing in rate cuts in September, a factor that could help risk assets like crypto if it holds.

    Related Reading

    Range Bound For Now, Traders Watch $112,000–$114,000

    Reports have disclosed that traders are focused on a narrow set of price markers. If Bitcoin can reclaim $112,000 and hold a weekly close above $114,000, bulls would gain breathing room.

    If those levels fail, more downside is possible and short-term traders could face further liquidations.

    For now, the market looks tight. Some technical signals point to a rebound, but macro data and big sellers are keeping the mood cautious.

    Traders and investors alike are watching both price action and economic prints closely as the US heads toward key data and the Fed decision window on Sept. 17.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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  • Bitcoin’s Next Stop $183K? On-Chain Data Points to Explosive Cycle Peak

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    Bitcoin remains under pressure after sliding from its all-time high above $124,000 earlier this month. At the time of writing, the asset trades at $110,219, reflecting a weekly decline of about 2% and a broader drop of more than 10% from its peak.

    Despite the correction, analysts continue to examine on-chain data for signs of the market’s next direction. Among the latest insights, CryptoQuant contributor CryptoOnchain highlighted the significance of the MVRV (Market Value to Realized Value) Price Bands, a long-observed metric used to assess market cycles.

    According to the analyst, Bitcoin’s current positioning above key support bands suggests the uptrend remains intact, but with room for both continued growth and potential volatility.

    Related Reading

    MVRV Price Bands Point to Potential Cycle Top

    The MVRV Price Bands model has historically been used to identify both bottoms and tops in Bitcoin’s long-term cycles. CryptoOnchain noted that the model’s lower band, often referred to as the “floor price,” reliably marked market lows in 2018 and 2022, while the upper band highlighted cycle peaks such as 2017 and 2021.

    Bitcoin realized value price model. | Source: CryptoQuant

    Currently, Bitcoin’s trading price is positioned well above the model’s floor price of around $52,300 and its median support level of approximately $91,600. This indicates what the analyst referred to as a “healthy uptrend” with persistent activity from long-term holders.

    Importantly, the model’s projected ceiling price suggests that Bitcoin could reach as high as $183,000 by August 2025, assuming historical trends remain consistent.

    The analyst emphasized that while the ceiling level offers a potential target, traders should monitor the mid-price band for signs of weakening momentum. A decisive move below this level could indicate a shift in trend, raising the possibility of deeper corrections even within a bullish cycle.

    Bitcoin Cost Basis Trends Reflect Market Behavior

    A separate analysis by CryptoQuant contributor BorisD provided additional context by examining the cost basis of Bitcoin investors on Binance. Data shows that the average deposit address cost basis on Binance has risen from $44,000 earlier this year to $62,000.

    This suggests that investors are actively accumulating at higher price zones, particularly around Bitcoin’s recent peaks. New whale investors, defined as large-scale buyers with significant holdings, currently hold an average cost basis of $108,000, which is emerging as a key support level.

    Bitcoin cost-basis comparison.
    Bitcoin cost-basis comparison. | Source: CryptoQuant

    According to BorisD, this level could serve as the foundation for the next leg of upward momentum if demand persists. At the same time, miner-linked wallets showed a slight reduction in their average cost basis from $58,000 to $54,000, hinting at modest selling pressure from mining operations.

    Related Reading

    Long-term holders, meanwhile, remain well positioned, with a cost basis near $40,000. This region has historically been considered a strong accumulation zone, providing resilience during broader market corrections. BorisD pointed out that cost basis levels often track closely with price behavior and can act as both support and resistance during volatile swings.

    Bitcoin (BTC) price chart on TradingView
    BTC price is moving downwards on the 2-hour chart. Source: BTC/USDT on TradingView.com

    Featured image created with DALL-E, Chart from TradingView

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    Samuel Edyme

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